Colliers (the Realtor) is pleased to present an exclusive opportunity to acquire 18 Kenrae Road, a boutique multifamily property located in the Leaside neighbourhood in East York. This is a rare opportunity to invest in a well-maintained, income-generating asset within one of Torontos most established and in-demand rental submarkets. The property offers strong rental upside and long-term value in a community known for its livability, accessibility, and stable tenant base. The property benefits from immediate access to public transit, with a TTC bus stop located just steps away, connecting directly to major subway lines. For commuters, the LRT Laird Station is currently under construction at Eglinton Avenue East and Laird Drive and is schedule to open in 2025. Don Valley Parkway is also just minutes away, providing convenient access to downtown Toronto and the broader GTA. The Property comprises 13 residential units, including 2 fully renovated suites featuring open-concept layouts, upgraded kitchens and bathrooms, and dishwashers. An additional 4 units have been partially updated with improvements to flooring, kitchens, and bathrooms. All suites are spacious and offer generous storage. 12 of 13 units feature private balconies. The property has been well maintained, with significant capital improvements already completed offering investors a turnkey asset with immediate operational stability and future upside through further unit renovations and rent optimization.
Address
18 Kenrae Road
List Price
$4,300,000
MLS® Status
New
Expiration Date
2026-02-11
Property Type
Commercial
Type of Dwelling
Investment
Transaction Type
For Sale
Area
Toronto C11
Sub-Area
Leaside
Region
Toronto
Lot Depth
90
Lot Type
Building
Lot Size Units
Feet
Lot Width
64
Parcel Number
103830166
Total Building Area
9500
Occupant Type
Tenant
Cross Street
Laird Dr / Kenrae Rd
MLS® Number
C12339187
Listing Brokerage
COLLIERS
Basement
No
Postal Code
M4G 1Y1
Posession Details
Flexible
Tax Amount
$26,376.63
Tax Year
2025
Standard Status
Active
Board Or Association
Toronto Regional Real Estate Board
Heat Type
Baseboard
Cooling Features
Yes
Garage Type
In/Out
Tax Legal Description
LT 582 PL 2120 TWP OF YORK; PT LT 581 PL 2120 TWP OF YORK AS IN EY180493; CITY OF TORONTO
Sewer
Sanitary+Storm